Capzanine*, the independent Paris-based asset manager backed by AXA and a leading player on the midcap market, announces the expansion of its senior management team with the appointment of Renaud Tourmente as Head of Business Development, effective from May 6, 2019.

Renaud will join as Partner and will be part of the Executive Committee. In this newly created role, Renaud will support our international development, pursue the diversification of our debt products, leveraging Capzanine’s 15 years track record and unique sourcing capabilities, and contribute to strengthen relationships with our investors. His role will also include the elaboration of new complementary products developed organically and/or by acquisition.

Capzanine grew significantly over recent years and today manages more than €2,4bn of Assets* across 4 investment strategies. Capzanine capitalizes on a culture of value creation gained through significant private equity experience, great financial flexibility and deep industrial and sector knowledge acquired over 15 years.

Laurent Bénard, Managing Partner of Capzanine, said: “We are delighted to welcome Renaud Tourmente to the team. He is a highly respected investment professional who fully understands Capzanine. His appointment is the outcome of many years of mutual collaboration and trust through the collaboration with AXA. He will significantly reinforce our development in the context of a strengthening of our platform in France and continental
Europe.”

Christophe Karvelis, President and co-founder of Capzanine declared: “Thanks to a disciplined portfolio management over the years and considerable proprietary sourcing in both our equity and debt platforms, we benefit today from the trust of many institutional investors. Renaud’s arrival will contribute to unlock value across our complementary debt and equity platforms and reinforce Capzanine’s management team in order to accelerate our international development.”

Renaud Tourmente added: “This is an exciting stage of development for Capzanine with a unique positioning in very attractive asset classes for investors. I look forward to joining a team of entrepreneurs at the service of entrepreneurs providing tailor-made equity and longterm financing solutions – with the institutional backing of a first-class institution I know well and the aim to deliver top performance for Capzanine’s investors.”

Renaud brings 20 years of relevant industry experience, recently at AXA IM where he co-led the global Loans & Private Debt platform and developed strong knowledge of alternative asset classes with a focus on illiquid strategies. Prior to this, he was at BNP Paribas and WestLB, mostly based in London, where he was head of the EMEA Corporate and Acquisition finance team and General Manager of WestLB France. He was also on the boards of the AXA IM Structured Finance platform and of the Loan Market Association in London.

*€2.4 billion as at 31 december 2018, of which €242 million managed by a third party and advised by Artemid SAS.